In case of government debt, politics usually plays an important role in the decision to open and close the debt tap and in Lebanon everything is political. It seems that debt lenders—international financial institutions—have a vested interest in keeping the debt cycle going.
As the world inches closer toward the new millennium, humanity continues to be polarized into rich and poor. The rich mostly live in the industrialized countries of the northern hemisphere, while the poor mainly inhabit the developing countries of the South.
The latest outbreak of merger mania has heralded a new era of corporate consolidation in various industrial and financial sectors of the global economy. Tempted by the ‘size’ mystique...
